ALBUQUERQUE, New Mexico, March 11, 2014 /PRNewswire/ --

Santa Fe Gold Corporation (OTCBB: SFEG) is pleased to announce that it has entered into an amended option agreement with Columbus Exploration Corporation (CLX: TSX-V) (formerly Columbus Silver Corporation) whereby Santa Fe can earn a 100% interest in Columbus' Mogollon Project by immediately paying US$50,000 to Columbus, followed by a binding and mandatory US$950,000 payment upon closing of Santa Fe's proposed merger with Tyhee Gold Corp. (TDC: TSX-V).

Pursuant to the terms of the amended agreement, if Santa Fe's proposed merger with Tyhee Gold Corp. does not close, Santa Fe will have the option of paying US$950,000 within three months of the news release announcing the cancellation of the proposed merger and upon such payment it would earn the 100% interest in the Mogollon Project.

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http://www.prnewswire.com/news-releases/santa-fe-gold-amends-mogollon-option-agreeement-249420051.html